Totals
- Total revenue
- $103,365
- Total expenses
- $409,878
- Contributions and grants received
- $0
- Grants paid
- $138,000
- Program service revenue
- $0
- Investment income
- $103,365
- Other revenue
- $0
- Total assets, end of year
- $10,853,158
- Total liabilities, end of year
- $451,045
- Net assets or fund balances, end of year
- $10,402,113
- Program services expenses (Part IX)
- $398,432
- Management and general expenses
- $11,446
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $398,432
Program services were 97.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
3 · Investment income
total $21,732 · excluded $21,732
-
7a · Gross sales of assets other than inventory
securities $81,633
-
7c · Gain or loss
securities $81,633
-
7d · Net gain or loss
total $81,633 · excluded $81,633
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $138,000 · program services $138,000
-
11b · Fees: legal
total $1,400 · management and general $1,400
-
13 · Office expenses
total $2,600 · management and general $2,600
-
20 · Interest
total $7,446 · management and general $7,446
-
22 · Depreciation, depletion and amortization
total $260,432 · program services $260,432
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $127,866 · end of year $1,000
-
2 · Savings and temporary cash investments
end of year $400,000
-
4 · Accounts receivable
beginning of year $1,501
-
7 · Other notes and loans receivable
beginning of year $743,992 · end of year $39,344
-
10a · Land, buildings and equipment: cost or other basis
$12,185,303
-
10b · Land, buildings and equipment: accumulated depreciation
$4,386,783
-
10c · Land, buildings and equipment, net
beginning of year $7,269,850 · end of year $7,798,520
-
11 · Investments: publicly traded securities
beginning of year $1,395,489 · end of year $1,533,441
-
12 · Investments: other securities
beginning of year $1,049,889 · end of year $1,080,853
-
23 · Secured mortgages and notes payable
end of year $400,000
-
25 · Other liabilities
end of year $51,045
-
27 · Net assets without donor restrictions
beginning of year $9,401,187 · end of year $9,130,893
-
28 · Net assets with donor restrictions
beginning of year $1,187,400 · end of year $1,271,220
Mission and programs · 2022
Mission
THE FOUNDATION EXISTS AND OPERATES EXCLUSIVELY AS A SUPPORTING ORGANIZATION OF ELIADA HOMES, INC.
Activities or mission (Part I)
SUPPORTING ORGANIZATION OF ELIADA HOMES INC.
-
ELIADA FOUNDATION INC HOLDS ASSETS (REAL ESTATE AND INVESTMENTS) ON BEHALF OF ELIADA HOMES INC, THE FOUNDATION'S SUPPORTED ORGANIZATION. ELIADA HOMES INC SERVES CHILDREN OF NORTH CAROLINA THROUGH A VARIETY OF THERAPEAUTIC PROGRAMS.
Expenses $398,432 · Grants $138,000
As filed on the 2022 return.
Listed in Part VII
-
Coreen DobleCOREEN DOBLE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Eric EdgertonERIC EDGERTON
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Jackie De La CruzJACKIE DE LA CRUZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Sean KerschenSEAN KERSCHEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Elaine PotterELAINE POTTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Barbara BridgesBARBARA BRIDGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Cade MainwaringMARY CADE MAINWARING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Woody FishWOODY FISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lorin G PageLORIN G PAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian LawlerBRIAN LAWLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jennifer RainwaterJENNIFER RAINWATER
CHAIR THRU 8
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia D Davis BryantCYNTHIA D DAVIS BRYANT
CEO
- Total calculated
- $166,088
- From this org
- $0
- From related orgs
- $157,820
- Other
- $8,268
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $157,820 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $4,184 related
- Nontaxable benefits
- not reported + $4,084 related
- Filer's total
- not reported + $166,088 related
-
Ronald ZientekRONALD ZIENTEK
FINANCE DIRE
- Total calculated
- $87,547
- From this org
- $0
- From related orgs
- $80,939
- Other
- $6,608
- Hours/week
- 1 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$138,000
GENERAL OPERATIONS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · SERVES CHI · NC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COMPTON ENTERPRISES INC
C CORP · FARMING · NC
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411369349310106
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